Nancy Heinen, the former general counsel of Apple Inc., has settled with the Securities and Exchange Commission over charges related to the backdating of stock options at the consumer electronics giant, reports MarketWatch.

The SEC said Heinen has agreed to pay $2.2 million in disgorgement, interest and penalties. Heinen has also agreed to be barred from serving as an officer or director of any public company for five years, and has been suspended from appearing or practicing as an attorney before the agency for a period of three years.

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